The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-16

clfned 201c, later ruled stronger and closed
showing a recovery of q &C; speculation mcder-
ate;No. spring, nominal at Ole; ungraded red,
so n store Ne and aG and
delivered. 89s 090sc +. o. D.; No. red, 93c; No.
l white. 92c; No. 2 red. March. nominal at 90sc;
April. 90s 09osc. closing at 90sc; May, 90s q
9lsc closing at 81 2c; June, 9Oa 81 &c. closing at
Gle; July, S9a a. 0c, closing at $3.50; August,
SO GIG 09otc. closing at 89ac; September, 904 a
903c, closing at 90sc Novem Der. 92 93c, closing
at 92ae; December. "a Lie 94tc. closing at 94sc;
January, 954 95sc, closing at 95sc; May, 994 q
9Jsc, closing at 99ac.
Corn-Recepts, IS, 100 bu; exports 81. 233 bu;
sales, GOO blu futures and 134, 600 bu spot.
Spot lots about &c and options / 0sc lower.
closing steady with slight reaction; trade
moderate; uugraded, 485 d SOC; damaged, SO 034c
in store: steamer, 4704S4c elevator; No 2,
March. 4S4 4Ssc. closing at 48sc; April, 4St q
48sc, closing at 48sc; May, 49, 049sc, closing at
Acc; June. 40 049sc closing at 49sc.
Oats-Receipts. "a, 600 bu exports, 3, $50 bu;
sales. 240, 600 bu futures, and 114000 bu spot;
market shade stronger ard fairly active; mixed
Western, IS 037c; white Western, 37043c.
Hops dull and weak.
Coffee-Spot fair Rio dull at 14sc; Options
moderately active and lower closing steady;
sales, 49, ESQ bags. March, IL 80 a II Coz: April,
IL Soc; May, June and July, u 60 q II roc: Au-
gust IL 60 q II. 75c; September. IL zoe; Octo-
Der, II % IL 85c; November. IL 70 a II Soc; De-
cember, II SOC. Sugar steady and moderately
active. refined, steady. iMolasses dull. Rice
steady.
Wool steady but quiet; domestic fleece, 800
30c; pulled 14035c; Texas, 9025c-
Pork Arm and quiet. Cut meats firm and
quiet. Lard 10 012 points higher, less active
closed weaker Western steam. spot. 75c;
April, 1875 0780c: May. 781 0Z87c; June, 1888
@n9oc; July, 1889 CSC; city steam, 1900.
Butter quiet and weak. Cheese quiet and
firm. Eggs dull and easier; receipts. s.4ao
packages; Western fresh, 16a 017c.
Copper steady. Other articles unchanged.
CHICAGO, March 15-This proved to be an
other sensational day in wheat. AS the session
advanced the suspicion grew that the "bull"
clique were selling out their 'lone" wheat and
the great quantities dumped on the market ap-
peared to confirm this view. The starting price
for May delivery was 81 &c. or &c lower than the
closing figure last night. The market held
| steady for q short time, and then began to re-
cede slowly under large offerings. The market
was very stubborn at about sole, but the guam
titles OF wheat which pressed for sale finally be-
came so large that, shortly before noon. the
price dropped to 79sc. 1t held there steadily for
short time, when another deluge of wheat
| came on the market, and the pit became the
scene OF a half panic. There was a sudden
plunge to 1850, the decline bringing out tre-
mendous lots of LONG" wheat, and causing the
| announcement Of the failure of one firm. Dur
| ing the decline commission houses were COM
| PEELED to close out numerous trades for custom
| ers whose margins had expired. There was also
a lIeo ealing OI LudrgluS, I'LL u WHICH
were promptly responded to. The market
rebounded from the inside figure even more
| rapidly than it had declined. "Shorts" who en-
deavored to cover found little wheat on sale, and
| the clique Of "bull' houses were open buyers for
| largo quantities. The market rallied to 80ac,
| and stopped there at l o'clock. In the after
noon the market opened at S0sc. and rose to 81 &c
without stopping. finally closing at 81s a Site.
The clearings from three Atlantic ports aegre-
| gated 100000 bu Receipts continue to be free.
| aegreeatng 525, 600 5u st eleven points, while
! the shipments from the same points aggregated
| $4,000 bu. The corn market ruled moderately
steady early in the day, but finally became
| heavy under large offerings. prices breaking off
| lsc from opening figures, rallyng &c and finally
| closing &c lower than yesterday. Receipts con-
| tlnue free and the shipping demand moderate.
| Oats ruled dull and slightly easier, closing a
| shade under yesterday The speculative inter
est was light, and there was very little change
in prices. Lard advanced 10 a 121c per 100 pounds
early, but fell back and closed about the same
| as Yesterday. There was sharp advance of Is
a SOC in short ribs early in the day, but the ad-
vance was nearly all subsequently lost. the lead
ip0 mt p0ad